Marathon Petroleum Corporation technical analysis
Technical analysis of Marathon Petroleum Corporation (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Marathon Petroleum Corporation
Marathon Petroleum Corporation is an integrated downstream energy company operating in the United States through three main segments: Refining & Marketing, Midstream, and Renewable Diesel. The company operates refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States, and sells refined products including transportation fuels, heavy fuel oil, and asphalt to wholesale customers, spot market buyers, and branded retail outlets both domestically and internationally.
Description generated automatically from public sources; it may be inaccurate or out of date.
Marathon Petroleum Corporation: latest session data
Closing values for September 3, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
355.03 $
+9.91%
50 sessions
318.69 $
+22.45%
200 sessions
239.37 $
+63.03%
Session levels
s2
374.40
Support
s1
380.70
Support
pivot
386.34
Pivot
r1
392.64
Resistance
r2
398.28
Resistance
How to read it
In the September 3, 2026 session Marathon Petroleum Corporation closed higher at 390.23 $, +0.83% versus the previous session.
The price sits above every moving average observed: +9.91% against the 21-session average, +22.45% against the 50 and +63.03% against the 200.
The 14-period RSI reads 78.6, in overbought territory.
MACD stands at 19.094 against a signal line at 17.807: the histogram is positive (+1.287).
ADX reads 42.8, indicating a marked directionality.
Levels computed on the latest session place supports at 380.70 and 374.40 $ and resistances at 392.64 and 398.28 $, around a pivot of 386.34.
The average daily range (ATR) is 10.310 $, or 2.64% of price.
Turnover was 138.1K shares, 6% of the 20-session average.
Over the last twelve months the price ranged between 209.36 and 391.98 $, and today stands −0.45% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Marathon Petroleum Corporation
How is Marathon Petroleum Corporation analysed technically?
Technical analysis of Marathon Petroleum Corporation is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Marathon Petroleum Corporation?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Marathon Petroleum Corporation?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Marathon Petroleum Corporation it helps frame the technical structure of the historical chart and is not a forecast.
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